WEST ENERGY AS

5535 HAUGESUND

Finances

Share Ownership

Return on Equity

0,65 %

Current Ratio

2,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 984 000	146 000	15 539 000	15 720 000
Net Income	144 000	113 000	137 000	3 076 000
Total Assets	25 034 000	23 563 000	25 586 000	28 349 000
Total Equity	22 141 000	22 150 000	22 156 000	24 019 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 984 000	146 000	15 539 000	15 720 000
Expenditure	15 879 000	−23 000	15 512 000	10 204 000
Operating Profit	105 000	169 000	28 000	2 700 000
Financial Income	65 000	89 000	104 000	15 000
Financial Costs	−16 000	89 000	−46 000	−711 000
Financial Balance	81 000	0	150 000	726 000
Earnings Before Tax	186 000	169 000	178 000	3 425 000
Tax	42 000	56 000	41 000	350 000
Net Income	144 000	113 000	137 000	3 076 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 349 000	18 349 000	18 349 000	18 349 000
Total Current Assets	6 686 000	5 214 000	7 237 000	10 000 000
Total Assets	25 034 000	23 563 000	25 586 000	28 349 000
Total Retained Equity	−3 273 000	−3 264 000	−3 377 000	−3 514 000
Total Equity	22 141 000	22 150 000	22 156 000	24 019 000
Total Long-Term Debt	5 000	6 000	8 000	532 000
Total Current Debt	2 888 000	1 407 000	3 422 000	3 797 000
Total Equity and Debt	25 034 000	23 563 000	25 586 000	28 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 984 000	146 000	15 539 000	15 720 000
Other Income	0	0	0	0
Revenue	15 984 000	146 000	15 539 000	15 720 000
Cost of Goods Sold	0	0	15 434 000	8 623 000
Salary Costs	45 000	−23 000	78 000	478 000
Depreciation	0	0	0	568 000
Impairment	0	0	0	0
Expenditure	15 879 000	−23 000	15 512 000	10 204 000
Operating Profit	105 000	169 000	28 000	2 700 000
Financial Income	65 000	89 000	104 000	15 000
Financial Costs	−16 000	89 000	−46 000	−711 000
Financial Balance	81 000	0	150 000	726 000
Dividends	0	0	2 000 000	0
Net Income	144 000	113 000	137 000	3 076 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	18 349 000	18 349 000	18 349 000	18 349 000
Total Fixed Assets	18 349 000	18 349 000	18 349 000	18 349 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 807 000	1 564 000	1 979 000	5 456 000
Total Current Assets	6 686 000	5 214 000	7 237 000	10 000 000
Total Assets	25 034 000	23 563 000	25 586 000	28 349 000
Total Equity	22 141 000	22 150 000	22 156 000	24 019 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	6 000	8 000	532 000
Creditors	2 681 000	1 290 000	1 329 000	223 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	2 000 000	0
Other Current Debt	208 000	116 000	0	674 000
Total Current Debt	2 888 000	1 407 000	3 422 000	3 797 000
Total Equity and Debt	25 034 000	23 563 000	25 586 000	28 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,65 %	0,51 %	0,62 %	12,81 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	0,66 %	115,75 %	0,18 %	17,18 %
Current Ratio	2,32	3,71	2,11	2,63
Quick Ratio	2,32	3,71	2,11	2,63
Equity Ratio	0,88	0,94	0,87	0,85
Gross Profit Margin	100 %	100 %	0,68 %	45,15 %